Thursday, June 11, 2020

The New York Times Accuses Nobel Prize Winning Economist George Stigler of Being a Racist


The New York Times reports:
Economics has a history of discrimination and, in some cases, outright racism.George Stigler, a Nobel laureate and an early leader of the American Economic Association, criticized the civil rights movement in 1962 and wrote that African-Americans’ disadvantages in the labor market stemmed in part from their “inferiority as a worker.”

“Lacking education, lacking a tenacity of purpose, lacking a willingness to work hard, he will not be an object of employers’ competition,” he wrote.
Just a reminder, George Stigler was one of the leading voices attacking minimum wage laws (who's origins were racist) while today's New York Times editorial page wants to disemploy blacks with a marginal productivity below $15 an hour.